Because large amounts of cash is useless. I can’t buy a house with cash. I can’t hand my realtor $700,000 and say I want to buy this piece of property. I can’t buy any moderately expensive car with cash.
Having a pile of literal cash isn’t great when the only things you can buy with it are groceries and gas. Can’t buy real estate, or any expensive purchase really. It’s useless. You need to figure out how to ‘clean’ it so you can get it into a bank account.
Latest Answers